The 50-year-old 'Lone Ranger' actor is set to sign a new deal with Disney to star in a follow-up to 2010's smash hit 'Alice and Wonderland' directed by Tim Burton, while 'The Muppets' director James Bobin will replace Burton as director of the sequel, Deadline reported.
Depp played the Mad Hatter in Disney's 2010 adaptation of the Lewis Carroll classic which also starred Mia Wasikowska, Anne Hathaway and Helena Bonham Carter.
It's not yet known whether his co-stars will reprise their roles in the film.